I am also wondering what is the force behind this sudden rise in price. It has been an awesome and massive profit taking for those who hold Bitcoincash. Good for them.
It's all quite transparent. You still don't know what is behind the quick rise in BCH exchange rates? Check this:
https://blockchain.info/unconfirmed-transactionsWhen was the last time we had more than 127,000 unconfirmed transactions in the queue?
A few months ago - September. The whole reason people were pushing for segwit2x was because of the mempool backlogs. The bitcoin core people don't care about it though. They want people to pay higher fees.
With the Bitcoin Cash's low fee, people will use it more.
Use it where exactly? What can you buy with bitcoin cash? How can you buy bitcoin cash?
good point, bitcoin already enjoys some degree of
adoption and acceptance whereas bitcoin cash is starting
fresh it can only be used for trading (much like bitcoin is these days)
The unconfirmed transactions is massive, sooner or later
they will be confirmed and increase the bitcoin cash volume further
While this is certainly a factor, I think it will become less of a factor over time, as there are multiple projects out there working on crypto debit cards which will use just about any major crypto, BCH will definitely be supported on all of those platforms, whichever actually produce and go live. And when I think about it, at the point where some reasonable form of crypto debit card like that is available in all areas of the world, or at least the developed world, what reason will there be to use bitcoin over BCH? Bitcoin has an advantage because of the entry level adoption it has achieved, but that goes out the window when anyone can get a debit card and spend any crypto they want everywhere.
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